FOREX AUTOMATED & ROBOT TRADING REVIEW: Gmail - New #1 & #3 Robots! And Our Take on Leo Trader for Shams Fatani

Shams Fatani Manual Trade

Go Markets Pty Ltd

Account: 119647		Name: Shams Fatani						Currency: AUD		2010 December 17, 22:21
Closed Transactions:
Ticket	Open Time	Type	Size	Item	Price	S / L	T / P	Close Time	Price	Commission	Taxes	Swap	Profit
16923817	2010.12.03 15:15	sell	1.00	eurjpy	110.853	0.000	0.000	2010.12.03 15:35	110.115	0.00	0.00	0.00	905.84
16951412	2010.12.06 07:31	sell	1.00	eurjpy	110.677	0.000	0.000	2010.12.06 10:36	110.351	0.00	0.00	0.00	397.59
16728569	2010.11.30 07:34	buy	1.00	eurjpy	110.151	0.000	0.000	2010.12.01 16:12	110.466	0.00	0.00	2.66	387.78
17651474	2010.12.17 14:17	sell	1.00	eurjpy	111.391	0.000	0.000	2010.12.17 16:41	111.150	0.00	0.00	0.00	290.55
17185411	2010.12.10 01:27	buy	1.00	eurjpy	110.995	0.000	0.000	2010.12.13 09:33	111.211	0.00	0.00	2.57	260.35
17334708	2010.12.14 08:38	buy	1.00	eurjpy	111.941	0.000	0.000	2010.12.14 09:56	112.155	0.00	0.00	0.00	257.63
17149661	2010.12.09 15:37	sell	1.00	usdjpy	83.888	0.000	0.000	2010.12.09 20:52	83.696	0.00	0.00	0.00	233.26
17646760	2010.12.17 13:48	sell	1.00	eurjpy	111.631	0.000	0.000	2010.12.17 14:16	111.440	0.00	0.00	0.00	230.40
16947680	2010.12.06 02:11	sell	1.00	audusd	0.98990	0.00000	0.00000	2010.12.06 06:34	0.98768	0.00	0.00	0.00	224.77
17133667	2010.12.09 11:30	sell	1.00	eurjpy	111.320	0.000	0.000	2010.12.09 11:40	111.147	0.00	0.00	0.00	209.21
17264372	2010.12.13 13:13	sell	1.00	usdjpy	84.066	0.000	0.000	2010.12.13 15:57	83.902	0.00	0.00	0.00	196.97
16957559	2010.12.06 11:01	sell	1.00	eurjpy	110.134	0.000	0.000	2010.12.06 11:46	109.991	0.00	0.00	0.00	175.01
16985246	2010.12.07 02:03	sell	1.00	eurjpy	109.831	0.000	0.000	2010.12.07 03:33	109.690	0.00	0.00	0.00	172.94
16947652	2010.12.06 02:11	buy	1.00	usdjpy	82.827	0.000	0.000	2010.12.06 06:58	82.967	0.00	0.00	0.00	170.86
17237925	2010.12.13 01:32	sell	1.00	eurjpy	110.870	0.000	0.000	2010.12.13 03:50	110.734	0.00	0.00	0.00	164.54
17309597	2010.12.14 01:09	buy	1.00	usdjpy	83.479	0.000	0.000	2010.12.15 00:14	83.616	0.00	0.00	0.31	164.04
16990031	2010.12.07 06:01	buy	1.00	usdjpy	82.512	0.000	0.000	2010.12.07 08:24	82.646	0.00	0.00	0.00	163.63
17449463	2010.12.15 09:39	buy	1.00	audusd	0.99335	0.00000	0.00000	2010.12.15 15:09	0.99491	0.00	0.00	0.00	156.80
17442355	2010.12.15 08:42	sell	1.00	usdjpy	83.811	0.000	0.000	2010.12.15 15:09	83.689	0.00	0.00	0.00	146.49
16988840	2010.12.07 05:11	buy	1.00	eurjpy	109.899	0.000	0.000	2010.12.07 05:55	110.014	0.00	0.00	0.00	140.77
16906352	2010.12.03 08:07	buy	1.00	audusd	0.97687	0.00000	0.00000	2010.12.03 09:28	0.97820	0.00	0.00	0.00	135.96
17105814	2010.12.09 02:36	sell	1.00	eurjpy	111.345	0.000	0.000	2010.12.09 11:09	111.234	0.00	0.00	0.00	134.18
16792277	2010.12.01 11:05	sell	1.00	audusd	0.96367	0.00000	0.00000	2010.12.01 17:14	0.96241	0.00	0.00	0.00	130.92
16951887	2010.12.06 08:13	sell	1.00	usdjpy	82.836	0.000	0.000	2010.12.06 11:46	82.732	0.00	0.00	0.00	127.27
17626277	2010.12.17 09:23	sell	1.00	audusd	0.99011	0.00000	0.00000	2010.12.17 11:02	0.98889	0.00	0.00	0.00	123.37
16965569	2010.12.06 14:59	buy	1.00	audusd	0.98730	0.00000	0.00000	2010.12.07 02:05	0.98850	0.00	0.00	8.55	121.40
16840758	2010.12.02 04:30	sell	1.00	usdjpy	84.088	0.000	0.000	2010.12.02 11:18	83.992	0.00	0.00	0.00	118.06
17626479	2010.12.17 09:26	sell	1.00	eurjpy	111.521	0.000	0.000	2010.12.17 14:16	111.424	0.00	0.00	0.00	117.02
17439581	2010.12.15 08:29	sell	1.00	eurjpy	111.450	0.000	0.000	2010.12.16 06:56	111.355	0.00	0.00	-12.76	114.30
16867750	2010.12.02 14:00	sell	1.00	eurjpy	110.800	0.000	0.000	2010.12.02 15:37	110.708	0.00	0.00	0.00	113.07
17418500	2010.12.15 00:14	sell	1.00	eurjpy	111.834	0.000	0.000	2010.12.15 08:06	111.740	0.00	0.00	0.00	112.73
16791842	2010.12.01 10:55	sell	1.00	audusd	0.96331	0.00000	0.00000	2010.12.01 17:13	0.96226	0.00	0.00	0.00	109.12
16728546	2010.11.30 07:32	buy	1.00	usdjpy	84.077	0.000	0.000	2010.12.01 16:12	84.164	0.00	0.00	0.32	107.11
17106136	2010.12.09 02:43	sell	1.00	usdjpy	83.874	0.000	0.000	2010.12.09 04:01	83.790	0.00	0.00	0.00	101.53
16959985	2010.12.06 12:01	buy	1.00	eurjpy	110.157	0.000	0.000	2010.12.07 09:53	110.240	0.00	0.00	2.59	101.26
16988942	2010.12.07 05:16	buy	1.00	eurjpy	109.933	0.000	0.000	2010.12.07 05:55	110.014	0.00	0.00	0.00	99.15
17579592	2010.12.16 14:30	buy	1.00	eurjpy	111.359	0.000	0.000	2010.12.17 05:32	111.441	0.00	0.00	2.55	98.59
16876003	2010.12.02 15:53	sell	1.00	eurjpy	110.242	0.000	0.000	2010.12.02 16:00	110.162	0.00	0.00	0.00	98.49
16985267	2010.12.07 02:05	sell	1.00	usdjpy	82.599	0.000	0.000	2010.12.07 03:34	82.520	0.00	0.00	0.00	96.91
17134085	2010.12.09 11:39	sell	1.00	audusd	0.98497	0.00000	0.00000	2010.12.09 13:23	0.98405	0.00	0.00	0.00	93.49
16900460	2010.12.03 02:14	sell	1.00	usdjpy	83.694	0.000	0.000	2010.12.03 08:10	83.622	0.00	0.00	0.00	88.10
16859723	2010.12.02 12:01	sell	1.00	audusd	0.96845	0.00000	0.00000	2010.12.02 13:59	0.96760	0.00	0.00	0.00	87.85
17003648	2010.12.07 10:51	buy	1.00	usdjpy	82.687	0.000	0.000	2010.12.07 16:07	82.759	0.00	0.00	0.00	87.40
17080879	2010.12.08 15:39	sell	1.00	usdjpy	83.855	0.000	0.000	2010.12.09 04:01	83.784	0.00	0.00	-1.56	85.82
17105030	2010.12.09 02:27	sell	1.00	usdjpy	83.995	0.000	0.000	2010.12.09 02:38	83.926	0.00	0.00	0.00	83.56
17131024	2010.12.09 10:45	sell	1.00	usdjpy	83.774	0.000	0.000	2010.12.09 20:31	83.707	0.00	0.00	0.00	81.31
17263755	2010.12.13 13:09	sell	1.00	usdjpy	84.155	0.000	0.000	2010.12.13 13:13	84.089	0.00	0.00	0.00	79.38
16859734	2010.12.02 12:02	sell	1.00	audusd	0.96835	0.00000	0.00000	2010.12.02 14:00	0.96760	0.00	0.00	0.00	77.51
17185417	2010.12.10 01:27	buy	1.00	audusd	0.98475	0.00000	0.00000	2010.12.10 04:33	0.98549	0.00	0.00	0.00	75.09
17185423	2010.12.10 01:27	buy	1.00	audusd	0.98487	0.00000	0.00000	2010.12.10 04:36	0.98555	0.00	0.00	0.00	69.00
16903159	2010.12.03 04:15	sell	1.00	audusd	0.97490	0.00000	0.00000	2010.12.03 05:01	0.97427	0.00	0.00	0.00	64.66
16900459	2010.12.03 02:14	sell	1.00	eurjpy	110.602	0.000	0.000	2010.12.03 04:37	110.550	0.00	0.00	0.00	63.67
17334703	2010.12.14 08:38	buy	1.00	audusd	0.99590	0.00000	0.00000	2010.12.14 10:00	0.99652	0.00	0.00	0.00	62.22
16951001	2010.12.06 06:46	buy	1.00	eurjpy	110.737	0.000	0.000	2010.12.06 07:01	110.787	0.00	0.00	0.00	61.02
17280657	2010.12.13 16:00	sell	1.00	usdjpy	83.816	0.000	0.000	2010.12.13 16:06	83.767	0.00	0.00	0.00	58.90
17191025	2010.12.10 04:06	sell	1.00	usdjpy	83.706	0.000	0.000	2010.12.10 11:46	83.659	0.00	0.00	0.00	56.94
17309627	2010.12.14 01:10	sell	1.00	eurjpy	111.712	0.000	0.000	2010.12.15 08:12	111.666	0.00	0.00	-4.25	55.19
17146495	2010.12.09 14:48	sell	1.00	audusd	0.98268	0.00000	0.00000	2010.12.09 21:06	0.98215	0.00	0.00	0.00	53.96
17437339	2010.12.15 08:16	sell	1.00	eurjpy	111.558	0.000	0.000	2010.12.15 08:18	111.515	0.00	0.00	0.00	51.71
17631772	2010.12.17 10:39	buy	1.00	usdjpy	83.999	0.000	0.000	2010.12.17 14:00	84.039	0.00	0.00	0.00	48.27
17242275	2010.12.13 04:01	sell	1.00	usdjpy	83.934	0.000	0.000	2010.12.13 15:58	83.894	0.00	0.00	0.00	48.05
17003632	2010.12.07 10:49	sell	1.00	audusd	0.99246	0.00000	0.00000	2010.12.07 16:53	0.99199	0.00	0.00	0.00	47.38
16985238	2010.12.07 02:03	sell	1.00	audusd	0.98868	0.00000	0.00000	2010.12.07 03:01	0.98822	0.00	0.00	0.00	46.55
17113330	2010.12.09 04:12	sell	1.00	usdjpy	83.710	0.000	0.000	2010.12.09 21:00	83.672	0.00	0.00	0.00	46.18
16728489	2010.11.30 07:29	buy	1.00	audusd	0.96286	0.00000	0.00000	2010.12.01 10:54	0.96330	0.00	0.00	8.81	45.68
16906441	2010.12.03 08:09	buy	1.00	eurjpy	110.659	0.000	0.000	2010.12.03 11:07	110.696	0.00	0.00	0.00	45.19
17281661	2010.12.13 16:12	sell	1.00	usdjpy	83.700	0.000	0.000	2010.12.13 16:30	83.663	0.00	0.00	0.00	44.52
16947967	2010.12.06 02:30	sell	1.00	eurjpy	110.728	0.000	0.000	2010.12.06 06:34	110.705	0.00	0.00	0.00	28.08
17309632	2010.12.14 01:10	sell	1.00	audusd	0.99473	0.00000	0.00000	2010.12.15 05:03	0.99446	0.00	0.00	-14.11	27.15
16962796	2010.12.06 13:19	buy	1.00	usdjpy	82.881	0.000	0.000	2010.12.07 16:53	82.901	0.00	0.00	0.31	24.33
17281093	2010.12.13 16:03	sell	1.00	eurjpy	111.384	0.000	0.000	2010.12.16 06:55	111.364	0.00	0.00	-21.26	24.06
17134433	2010.12.09 11:42	sell	1.00	eurjpy	111.069	0.000	0.000	2010.12.09 13:23	111.051	0.00	0.00	0.00	21.77
17438281	2010.12.15 08:21	sell	1.00	audusd	0.99161	0.00000	0.00000	2010.12.15 08:27	0.99146	0.00	0.00	0.00	15.13
16913454	2010.12.03 11:11	sell	1.00	audusd	0.97901	0.00000	0.00000	2010.12.09 01:13	0.97890	0.00	0.00	-86.09	11.24
16951533	2010.12.06 07:41	sell	1.00	audusd	0.98749	0.00000	0.00000	2010.12.06 11:47	0.98745	0.00	0.00	0.00	4.05
17614824	2010.12.17 05:34	buy	1.00	eurjpy	111.518	0.000	0.000	2010.12.17 09:25	111.521	0.00	0.00	0.00	3.61
16840628	2010.12.02 04:18	sell	1.00	audusd	0.96378	0.00000	0.00000	2010.12.02 16:01	0.96377	0.00	0.00	0.00	1.04
16951004	2010.12.06 06:46	buy	1.00	audusd	0.98772	0.00000	0.00000	2010.12.06 07:41	0.98744	0.00	0.00	0.00	-28.36
										0.00	0.00	-111.36	9 150.57
Closed P/L:												9 039.21
Open Trades:
Ticket	Open Time	Type	Size	Item	Price	S / L	T / P		Price	Commission	Taxes	Swap	Profit
17486628	2010.12.15 15:09	buy	1.00	audusd	0.99524	0.00000	0.00000		0.98865	0.00	0.00	34.21	-666.57
17637292	2010.12.17 12:06	buy	1.00	audusd	0.99010	0.00000	0.00000		0.98865	0.00	0.00	0.00	-146.66
16793899	2010.12.01 11:21	sell	1.00	eurjpy	109.369	0.000	0.000		110.525	0.00	0.00	-77.28	-1 393.11
17010065	2010.12.07 13:07	sell	1.00	eurjpy	110.366	0.000	0.000		110.525	0.00	0.00	-51.38	-191.62
17486645	2010.12.15 15:09	sell	1.00	usdjpy	83.666	0.000	0.000		83.913	0.00	0.00	-2.05	-297.69
17649330	2010.12.17 14:04	buy	1.00	usdjpy	84.051	0.000	0.000		83.895	0.00	0.00	0.00	-188.09
										0.00	0.00	-96.50	-2 883.74
										Floating P/L:		-2 980.24
Working Orders:
Ticket	Open Time	Type	Size	Item	Price	S / L	T / P	Market Price
No transactions

Summary:
Deposit/Withdrawal:		0.00		Credit Facility:				0.00
Closed Trade P/L:		9 039.21		Floating P/L:				-2 980.24	Margin:			4 699.35
Balance:		15 606.88		Equity:				12 626.64	Free Margin:			7 927.30

Details:

Gross Profit:		9 142.42		Gross Loss:				103.21	Total Net Profit:			9 039.21
Profit Factor:		88.58		Expected Payoff:				115.89
Absolute Drawdown:		0.00		Maximal Drawdown:				74.85 (0.65%)	Relative Drawdown:			0.65% (74.85)

Total Trades:		78		Short Positions (won %):				53 (98.11%)	Long Positions (won %):			25 (96.00%)
Profit Trades (% of total):								76 (97.44%)	Loss trades (% of total):			2 (2.56%)
Largest		profit trade:						905.84	loss trade:			-74.85
Average		profit trade:						120.30	loss trade:			-51.61
Maximum		consecutive wins ($):						40 (4 248.76)	consecutive losses ($):			1 (-74.85)
Maximal		consecutive profit (count):						4 248.76 (40)	consecutive loss (count):			-74.85 (1)
Average		consecutive wins:						25	consecutive losses:			1

Thursday, December 16, 2010

Gmail - New #1 & #3 Robots! And Our Take on Leo Trader for Shams Fatani

We have made some BIG CHANGES to our Top 3 Robots and also have the latest information on the Leo Trader Pro so go down to read all about it.

Scroll Down to see the Robots!

If you have any comments / need any help just hit reply!

Top 3 Forex Robots

1. Forex Steam (LIGHT RISK VERSION) - TAKEN TOP SPOT! The new #1 Forex Steam is a magnificent EA. Trades the EURUSD on the M5 and goes on BIG winning streaks weekly. UP +$1282.70 this month.

Avoid the Normal version (undergoing upgrades), use the light version (our test is on Forex.com).
One user informed me they lowered the stoploss to 30 because the robot generally takes excellent entries, a tip for you if you are scared of hitting the ceiling! We have never hit the stop loss, we always hit retrace at 20 pips.
Running our account on Forex.com for this EA.

FOREX STEAM REVIEW

FOREX STEAM RESULTS

2. FAPULTRA (Coupon = FAPU-U11X-FAPU 10% OFF) - Fell to the #2 spot. Still a great EA but it has not been as consistent as Forex Steam and it has been demoted. This is due to our testing and customer response. UP +$654.19 this month!

We are running our test on Forex.com for this EA.

FAPULTRA RESULTS

FAPULTRA REVIEW...

3. Leo Trader Pro - A lot has been said about this EA, and we are extremely excited about its release. They have provided some outstanding results and it will officially be released to the public tomorrow on the 16th. This is worth a look.

See more results on our Review Here

New Releases

Holy crap we've been busy, check out all these new releases:

We have even more on the way, anywhere between 3-5 new reviews within the next few days so please check our main page for updates frequently at ForexRobotNation.com.

Leo Trader Pro (Took 3rd Spot AVAILABLE tomorrow 16th.)
EA SHARK
Ultimate Swing Trader
Elevation Group
MetaPro Forex
Forex Easy Cash
1000 Pips Per Month
FAP Turbo 52
Pips 4 Idiots
Turbo Pip Sniper

FOREX AUTOMATED & ROBOT TRADING REVIEW

About Me

Shams Fatani Manual Trade

Forex Review Sites:

forexrobottrader

Thursday, December 16, 2010

Gmail - New #1 & #3 Robots! And Our Take on Leo Trader for Shams Fatani

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Best Automated Forex Robot and Forex Trading Signals Providers Forex EA

Written by Andrew11
Sunday, 13 March 2011
Here we will look at neural network trading strategies applied to FX trading, with the view of making a program which lead to bigger trading profits. Lets take a look at neural networks and see,if there application can lead you to bigger profits in Forex trading. Should you use neural networks in your FX trading strategy? Lets take a look at the logic and its application in trading currency markets for profit. The Concept In technical terms, neural networks area method of data analysis which consists of a large number of processing units that are linked together by weighted probabilities. The idea is that they can mimic the human brain in the way it works and learns from past experiences. Its a branch of artificial intelligence where the creation of neural network model leads to a computer program which is able to 'think' and 'learn' and this concept is the new buzzword in Forex Trading. So how do Neural Networks Work? The field of neural networks was pioneered by Bernard Widrow of Stanford University back in the 1950s. Today they are used in various industries such as image and voice recognition systems, industrial robotics and aerospace applications. A neural network usually involves a large number of processors which operate together but each has its own individual programmed knowledge and access to data in its own local memory. A neural network is "trained" by being given large amounts of data and specific rules about data relationships (A breakout above a daily chart high is likely to continue higher). A program can then tell the network how to behave in response to an external stimulus ( buy a breakout above a daily high) Neural networks, in FX trading can be used to extract patterns and detect trends from its rules base. A trained neural network is often referred to in FX trading as " A Forex Expert Advisor" ( EA). The network can provide projections and answer "what if" questions. In true terms, a neural network learns by example and are not programmed to perform a specific task. The Problem with Neural Networks in FX Trading In FX trading lots of vendors claim they have built neutral networks and artificial intelligence programs which can not only be programmed with rules, they have the ability to think, learn and trade the market better than a human. By using pattern recognition, it then predicts and trade currencies for profits but this is absolute rubbish. Let's look at how advanced artificial intelligence has become and you will see why, neural networks can never trade Forex markets better than a human and any simple trading system for that matter, based on trend following. The Most Advanced Artificial Intelligence Neural Network and a Stunning Breakthrough In 2010, a team from Berkeley's Electrical Engineering and Computer Sciences department, got a robot to fold towels of different sizes, solving a key problem in robotic engineering -- how to deal with flexible, or "deformable," objects. So we are a level where a computer can manipulate "deformable objects" – I.E. something which is flexible and not rigid, where the shape isn't predictable. Now this is major breakthrough in artificial intelligence and neural networking but if you think about it, this is still a defined object. Currency markets are NOT a defined object. In terms of the towel folding its scientific and the rules are specific to help it fold the towel and the outcome, will be the SAME every time. In terms of FX trading, this is not so. The idea of neural networks and artificial intelligence in Forex is to find patterns that are predictable and trade them, to give the trader an edge but Forex markets are not scientific! Traders will always look for recurring patterns which they think haven't be seen by humans and a computer can find them and predict with greater accuracy. How can this be true though, when markets are illogical and are made by humans which don't confirm to any objective rules? You have guessed it, these neural network FX trading systems, are simply sold by vendors to appeal to naïve traders who think they can predict Forex price action but they soon learn, there is no way to beat the market. Final Words I quite like the idea of a robot folding towels and do set chores and also saw, an artificial intelligence robot for sale the other day on the web. With its advanced application of neural networks and fuzzy logic, it claims 95% accuracy in trading ( well if it really can predict the future with science it should be 100%) the cost for this breakthrough program $97.00! Anyone who buys a system in FX trading based on neural networks or artificial intelligence is either very naïve or has no concept, of how and why Forex prices really move. In conclusion, avoid neural network FX trading strategies or you will end up losing your money.
Last Updated ( Sunday, 13 March 2011 )

Written by Andrew11
Wednesday, 14 July 2010
There are many Forex trading systems and robots sold today which allow you to change the settings of the system to trade different conditions but the logic this is based on is flawed and we will look at why in this article. What many Forex robot vendors do is - construct track records using simulations across back data and when they do this, they want to produce the best track record they can. They do this by bending the rules of the system to fit the data then, to improve performance even more, they then make different rules for different trading conditions. So the system is curve fitted to the data and there is a problem with this... The Dangers of Back Testing or Curve Fitting In hindsight, its easy to see the change between range bound markets and trending ones but when you are actually trading for real its not so easy to spot these periods and of course, when they change . As no data sequence ever repeats the same again, the system get hammered in real time trading and the user ends up losing his money – trading in hindsight is easy, as you know where all the highs and lows are but when you don't have this data at hand, trading live is far harder. These systems which try and use two different systems, within a system are doomed to failure. If you see a system with unique rules for individual currencies or for different trading conditions, avoid it as it will fail to make money in real time trading. Rules to Trade ALL market Conditions Any currency trading system, should trade all currencies and all market conditions with the same set of rules. The reason for this is it will be more robust and more likely to make you money, as it will have fewer rules, too many rules in a system, leaves it with to many elements to break. You Can't Beat the Market but You Can Make Money In today's world of high performance computers and software with awesome number crunching ability, there is a tendency for traders to look for order in back testing when there is actually none. Because Forex markets are made by humans, who are not logical but emotional beings, there is no scientific order; FX markets remain a game of odds, not a game of certainties and this means you can't beat the market. While you can't beat the market, if you have a system based upon sound logic and strong money management to keep losses small in periods of draw down you can make a lot of money over the long term and while your Forex trading software can lose in the short term, you can make great gains longer term. Judge your systems performance over years rather than weeks or months and your patience will be rewarded; trading currencies is not about trying to be perfect, its about making money and you can do that with a simple currency trading software package and tight money management.
Last Updated ( Wednesday, 14 July 2010 )

Written by Andrew11
Tuesday, 18 May 2010
More traders than ever are looking at buying automated FX robots and looking to trade a Forex Professional trading system, the problem is most of the ones for sale that are heavily promoted are junk in this article we will show you how to get the right software to make Forex professional system trading a reality for you and help you make some great long term profits. Online you will find numerous holy grail Forex trading robots which all claim to make huge gains with little or no draw down, they actually look to good to be true and they are – you don't make huge gains with no draw down and you can't predict the future as most of these robots claim. If you want to trade a Forex trading system you need to find one that works ( which we will come to in a moment) and keep these facts in mind: A good system will give you a compound growth rate of around 50 – 100% per annum Drawdown will typically be between – 20 – 40% Drawdown's can last a few weeks to a few months before a new peak equity is hit You need to ignore short term fluctuations in equity and judge your performance over years not months. To find a good system make sure that you buy a Forex trading system which has a real audited performance of long term gains and the figures are verified by an independent outside source and DON'T come direct from the vendor selling the system. Most currency trading robots sold online, simply present back tested results by simulating the system backwards over historical data which means the system has been bent to fit the data and make a profit or thery give you results on their website which they say are live but there not and come direct from them. The reason they have no evidence to back up their track records is simple – they have never made any money! Forex professional system trading is all about getting a system which has proved itself in real time trading and on this site on the right, you can get a great Free system which works and performs all the heavily promoted cheap robots. If you want to trade Forex like a pro the right system can give you a short cut to long term success and give you access to a triple digit income per annum for just 30 minutes of your time or less, just make sure you pick the right system!
Last Updated ( Tuesday, 18 May 2010 )